Takuma Co (6013) AI Stock Analysis

• Market Cap: ¥195.15B
• Dividend Yield: 3.11%
• Average Volume (3M): 212.20K
• Price to Earnings (P/E): 18.8
• Beta (1Y): 0.63
• Revenue Growth: 1.25%
• EPS Growth: -3.97%
• Country: JP
• Employees: 4,278
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): 36.74
• Shares Outstanding: 80,536,800
• 10 Day Avg. Volume: 155,200
• 30 Day Avg. Volume: 212,200
• PEG Ratio: 0.67
• Price to Book (P/B): 1.33
• Price to Sales (P/S): 0.95
• P/FCF Ratio: -22.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: ¥2,849.00 ▲(28.80% Upside)

Takuma Co's strong financial performance, characterized by revenue growth and profitability, is the most significant factor in its score. Technical indicators support a positive trend, while valuation metrics suggest the stock is fairly valued. However, cash flow challenges and the absence of recent earnings call insights slightly temper the overall score.

Positive Factors

Revenue growth & profitability

Consistent revenue growth and improved profitability indicate durable demand for Takuma’s plants and services. Sustained margins and low leverage support reinvestment into core projects and R&D, reinforcing long-term competitive positioning in waste-to-energy and boiler markets.

Strong equity position

A high equity ratio (~57%) and low debt levels reduce financial distress risk on multi-year EPC projects. This balance sheet strength provides capacity to fund project-backed working capital, absorb execution delays, and pursue selective investments without aggressive external financing.

Recurring O&M and lifecycle revenues

A material share of revenue comes from O&M, parts and retrofits, creating recurring cash inflows tied to installed base. This recurring service revenue diversifies income away from lumpy EPC cycles and supports customer lock-in and lifecycle margin expansion over multiple years.

Negative Factors

Negative free cash flow

Persistent negative free cash flow and weak operating cash conversion constrain the company’s ability to self-fund capex, bid larger projects, and build cash buffers. Over months this pressures liquidity management and may force reliance on external financing for growth or working capital.

Margin volatility risk

Volatile operating margins point to sensitivity to project mix, cost overruns, and pricing on large EPC contracts. Given long project durations, margin swings can persist across quarters and materially affect profitability and return metrics over the medium term.

Demand cyclicality from public tenders

Revenue depends materially on the timing and scale of municipal tenders and industrial capex cycles. This structural demand cyclicality can produce multi-month gaps in new orders and revenue, making growth lumpy and increasing reliance on backlog and service revenues to smooth results.

Takuma Co Business Overview & Revenue Model

Company Description

Takuma Co (6013) is a Japanese company primarily engaged in the manufacturing and development of advanced industrial equipment and systems, particularly in the fields of energy, environmental technology, and industrial automation. The company focuses on providing innovative solutions that enhance operational efficiency and sustainability for various sectors including manufacturing, construction, and utilities. Takuma is known for its core products that include waste-to-energy systems, industrial boilers, and advanced control systems that cater to both domestic and international markets.

How the Company Makes Money

Takuma Co generates revenue through several key channels, including the sale of industrial equipment, maintenance services, and engineering solutions. The company's primary revenue streams consist of product sales from its waste-to-energy systems and industrial boilers, which are in high demand due to the growing emphasis on renewable energy and environmental sustainability. Additionally, Takuma earns income through long-term service contracts and maintenance agreements with clients, ensuring a steady cash flow. Strategic partnerships with other technology firms and participation in government-funded projects further bolster its revenue, as these collaborations often lead to large-scale contracts and enhanced market reach. Overall, the combination of innovative product offerings, service contracts, and strategic alliances contributes significantly to Takuma's financial performance.

Takuma Co Financial Statement Overview

Summary

Takuma Co exhibits strong revenue growth and profitability with low leverage, indicating financial stability. However, negative free cash flow and operating cash flow issues pose risks. The company should focus on improving cash flow while maintaining growth and profitability.

Income Statement

Takuma Co has shown consistent revenue growth, with a 1.34% increase in the latest year. Gross profit margin improved to 22.03%, and net profit margin increased to 6.87%, indicating strong profitability. However, fluctuating EBIT and EBITDA margins suggest potential volatility.

Balance Sheet

The company maintains a strong equity position, with an equity ratio of 56.95%. The debt-to-equity ratio is low, indicating low leverage and financial stability. Return on equity improved to 9.56%, reflecting efficient use of equity.

Cash Flow

Takuma Co's free cash flow remains negative, indicating cash flow challenges. The operating cash flow to net income ratio is also negative, highlighting operating cash flow issues. The company needs to improve cash generation to support operational and investment needs.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	149.28B	151.16B	149.17B	142.65B	134.09B	146.73B
Gross Profit	33.25B	33.30B	29.54B	31.55B	26.18B	26.80B
EBITDA	13.77B	16.88B	14.23B	15.24B	11.76B	11.75B
Net Income	9.36B	10.39B	8.75B	9.62B	7.43B	7.53B
Balance Sheet
Total Assets	175.19B	190.92B	191.18B	179.69B	174.53B	177.74B
Cash, Cash Equivalents and Short-Term Investments	61.53B	39.43B	45.34B	65.24B	42.98B	44.42B
Total Debt	583.00M	12.09B	753.00M	220.00M	300.00M	5.68B
Total Liabilities	69.22B	81.35B	80.18B	78.52B	80.18B	87.19B
Stockholders Equity	105.02B	108.73B	110.34B	100.60B	93.91B	90.14B
Cash Flow
Free Cash Flow	0.00	-6.37B	-17.73B	26.28B	7.43B	-4.03B
Operating Cash Flow	0.00	-4.07B	-12.22B	32.19B	9.00B	-1.68B
Investing Cash Flow	0.00	1.26B	-8.44B	-5.60B	-2.39B	-2.05B
Financing Cash Flow	0.00	938.00M	-3.38B	-4.28B	-9.11B	1.90B

Takuma Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2212.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6013, the sentiment is Positive. The current price of 2212 is below the 20-day moving average (MA) of 2527.75, below the 50-day MA of 2495.58, and below the 200-day MA of 2212.86, indicating a bullish trend. The MACD of 5.56 indicates Positive momentum. The RSI at 53.73 is Neutral, neither overbought nor oversold. The STOCH value of 31.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6013.

Takuma Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6332	80 Outperform	¥105.54B	7.24	―	3.20%	2.46%	533.70%
9551	76 Outperform	¥120.81B	14.45	12.54%	1.84%	13.86%	51.05%
6368	72 Outperform	¥731.93B	26.62	―	1.43%	7.87%	38.32%
6013	71 Outperform	¥195.15B	18.81	9.02%	3.11%	1.25%	-3.97%
6370	71 Outperform	¥847.34B	37.03	6.61%	1.58%	5.02%	-27.41%
7004	66 Neutral	¥171.23B	9.64	―	2.41%	2.47%	1.47%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%